In today’s lesson, we'll cover how to set chart templates and profiles on the Deriv MT5 platform. Utilizing these features will streamline your trading experience and ensure consistency across your analyses.
‍

What are Chart Templates?

Chart templates serve as blueprints for your charts, saving all your applied settings and preferences, including:

• Chart type (Line, Bar, or Candlestick)
  ‍
• Chart scale
  ‍
• Indicators and their specific settings
  ‍
• Running Expert Advisor (if applicable) and its parameters

When you apply a template to a chart, all these configurations are seamlessly applied to the selected instrument and timeframe. For example, you can create a template containing indicators such as the Relative Strength Index (RSI) and a Moving Average, and then use it across different charts. This approach guarantees a consistent appearance and functionality of your charts across various symbols and periods.

Chart templates are saved as TPL files in the \MQL5\Profiles\Templates folder, and Deriv MT5 comes with several predefined templates:

• default.tpl: The basic template automatically applied to new charts.
  ‍
• tester.tpl: Used for displaying testing results on a chart.
  ‍
• debug.tpl: Applied to charts created during debugging an MQL5 application.
  ‍

How to Create and Save a Chart Template

Let’s walk through the process of creating and saving a template. We’ll use EUR/USD as our example:

1. Open the EUR/USD chart in Deriv MT5.
   ‍
2. Navigate to the top menu and click on Insert, then select Indicators > Trend and choose Moving Average.
   ‍
3. Fill in the parameters for the Moving Average. For this example, set the period to 20, select the color red, and increase the line thickness. Click OK.
4. Your chart will now display the Moving Average.
   ‍
5. To save this template, right-click on the chart, hover over Templates, and select Save Template.
   ‍
6. Give your template a name, such as “20 Period Simple Moving Average,” and click Save.

You can also modify, load, and delete any templates you create to fit your changing needs.
‍

Utilizing Profiles in Deriv MT5

In addition to templates, Deriv MT5 enables you to create profiles, which offer a convenient way to manage groups of charts. A profile can store:

• The charts that are open at the time of saving
  ‍
• The location and size of these charts
  ‍
• The templates applied to each chart

When you open a profile, every chart with its settings is positioned exactly as it was saved. Changes to open chart windows will automatically be saved in the current profile. You can view the list of all charts in the current profile under the Window menu, with the current profile name indicated in the status bar.
‍

How to Create and Save a Profile

To create and save a profile, follow these steps:

1. Open the Volatility 10 Index chart on Deriv MT5.
   ‍
2. Add three more charts: Volatility 25 Index, Volatility 50 Index, and Volatility 75 Index, and apply a 20-day Moving Average to each.
   ‍
3. Navigate to the top left, click on File, hover over Profile, and select Save As. This action will save the current profile with a new name.

After saving, the new profile becomes active, allowing you to arrange and monitor multiple charts efficiently.
‍

Conclusion

In this lesson, we discussed how to set up chart templates and profiles on the Deriv MT5 platform. By utilizing these features, you can enhance your trading efficiency and ensure consistency in your market analysis.

We encourage you to practice creating templates and profiles in your Deriv MT5 demo account, which will help you become familiar with these essential tools.

In our next lesson, we’ll delve into indicators on Deriv MT5 and how you can apply them to improve your trading strategies. Happy trading!